YEAR-END REPORT 2019 – HiQ breaks the profit record, increased profit, increased margin and strong cash flow
Net sales during the year amounts to SEK 1 847.1 million. Operating profit for the same period increase by 15 per cent to SEK 226.1 (196.5) million. During the fourth quarter net sales amounts to SEK 491.3 (507.1) million, operating profit increases by 1 per cent to SEK 61.5 (61.2) million and operating margin increases to 12.5 (12.1) per cent. Cash flow for the fourth quarter of the year amounts to SEK 49.3 million and liquid assets total SEK 188.1 million. At the end of the quarter we are 1 560 employees at HiQ. The Board of HiQ proposes a dividend of SEK 3.40 per share, totalling SEK 190 million.
During the second quarter, as announced earlier, we divested our holding in Westend Affärscentrum Oy, which is our former office space in Finland. The divestiture generated a profit of SEK 22.8 million.